Commercial Asset Manager
$150k - $180k USD
ABOUT THE POSITION
Generate is hiring a Commercial Asset Manager, On-Site Power, to oversee its growing portfolio of operating assets. This person is an experienced energy asset manager with excellent operational knowledge, with some prior experience in any combination of managing renewable operating assets, supplemented by a strong commercial skillset and a working knowledge of project finance and accounting concepts. You can drive cross-functional teams to successful outcomes with minimal oversight.
What you will be doing at Generate Capital as a Commercial Asset Manager, On-Site Power:
Thoroughly understand the operations of each facility and identify opportunities for performance improvements, actively keeping abreast of current market trends, technological developments, and strategies employed by other owners to ensure that Generate Capital’s asset management is on the cutting edge
Lead the identification and implementation of strategies for further optimization, both operational and
commercial
Manage short-term and long-term costs and produce highly accurate forecasting for asset P&Ls
Working closely with Accounting and FP&A to ensure the accuracy of asset financials, assist in responding to audit requests, and produce monthly variance analysis
Assist with onboarding new assets to your portfolio, including tranching, documentation, and ensuring that
other internal stakeholders receive necessary information and deliverables
Identify and maintain relationships with key stakeholders and partners relevant to your portfolio, including but not limited to incentive program managers, customers, vendors, and financing counterparties, and manage disputes and other issues as needed
Become a subject matter expert in all material contracts associated with your portfolio, utilizing and helping
improve upon Generate Capital’s framework for contract compliance and risk management
Track equipment and performance/availability warranties in a structured and scalable manner. As needed and in conjunction with O&M contractors, identify possible warranty claims, compile supporting documentation, and lead the claim process. Use findings of this process to champion continuous improvement in Generate Capital’s contracting and procurement practices
As needed, create and run RFPs or otherwise source appropriate vendors to serve the portfolio’s requirements, focusing on building relationships with best-in-class providers and creating market -leading strategies and structures
Assist in due diligence and formulation of operating assumptions for possible new additions to Generate Capital’s portfolio
Develop and implement a long-term plan for maximizing the performance of your portfolio
Work with the Information Technology team to develop data-driven tools for assessing the performance of your portfolio and monitor emerging risks and opportunities
Drive organization and optimization of internal Generate processes to contribute to a best-in-class asset management program
Candidate qualifications & core characteristics:
A demonstrated passion for, or commitment to, our mission
5+ years of experience in a power generation operations and maintenance or asset management role, with at least two years of that experience focused on BESS, microgrids, or solar assets
Demonstrable aptitude for managing asset-level budgets and a working knowledge of basic accounting and financial reporting terminology and concepts
Working knowledge of common revenue streams and incentive programs for renewable asset classes, such as RECs, SGIP, various capacity market products, demand reduction. Some prior exposure to utility tariffs and merchant power markets required
Prior experience in resolving commercial disputes
Excellent organizational and self-management capability
Demonstrated ability to work effectively in a cross functional team
Knowledgeable and dependable presence with experience working with management
Experience in a growth company is preferable
Unimpeachable integrity and glowing references
Outstanding communication and interpersonal skills, including empathy, intuition, and listening as well as strong writing, editing, and basic design skills.
High level of self-awareness and humility, with excitement about confronting uncomfortable situations or new challenges
Intellectual agility, curiosity, and creativity; problem-solving is your default mode
Entrepreneurial spirit: flexibility, comfort with risk, recognition that “perfect can be the enemy of the good”
Location and Travel Requirements
Position will be based in either our San Francisco, CA, New York City, NY, or Washington DC area office
Travel required 10% of the time comprising regular site visits to Generate owned facilities and due diligence of new opportunities
Generate’s compensation packages are dependent on the facts and circumstances of each case. Salary decisions take into account a wide variety of factors including, but not limited to: skill sets, experience and training, licensure and certifications, geographic location, and other business and organizational needs. A reasonable estimate of the base salary range for this role is $150,000-$180,000. In addition, the compensation package may include a discretionary bonus and other benefits, including health care benefits, retirement benefits, benefits permitting paid days off (including sick leave, parental leave, and paid time off or vacation benefits), and other benefits that must be reported for federal tax purposes. It is not typical for an individual to be hired at the top of this range.
Generate Capital is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of actual or perceived race, color, creed, religion, ancestry, citizenship status, age, sex, marital status, sexual orientation, gender identity, national origin, disability or handicap, veteran status, or any other characteristic protected by applicable federal, state, or local laws.